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I am not sure how I feel about any of this either. One way is not better than another...
I did some reading on Newsday.com (I know most of you dislike Newsday) but there are a lot of bloggers on there. Beside some really sad and sickening blogs - I read blogs forecasting homes on Long Island will once again be affordable (talking mid to higher 200's)... the 700 drop on Wall Street today... my hubby and I found ourselves so upset we couldn't eat dinner... what do we do? TRY to sell now? We bought in the beginning of 2004... We could NEVER afford to take such a huge hit if home prices drop that much! We are not in danger of losing our home or anything, but who could get out from under a drop like that?
All of this is really scary to me...
I do have an opinion that I am sure I will get grief for... but here goes anyway...
If I lend "Sue" $10K and she does not pay me back... who is going to bail ME out? NO ONE.... Anyone going to give me a 35K silver chute? NO!
I know what this is doing to our economy but I am not sure I agree with the bail out. It is saving the greedy ones... It isn't helping any of the "little people" and that makes me sad. Without us "little people" what would there be?
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